The following stocks are the leading risers and fallers on AIM in London on Friday.
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AIM - WINNERS
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IOG PLC, up 41% at 16.52 pence, 12-month range 7.10p-46.00p. The gas infrastructure operator restarts production from both its Blythe and Elgood operations into the Saturn Banks Pipeline systems, as planned, after a shutdown of works. Gas sales are expected to recommence today following re-pressurisation. Final connection, dewatering and backgassing of the system’s out section have also been completed. Additional modifications were completes in parallel at the Saturn Banks reception facilities, onshore, to de-risk the potential for future shutdowns. Chief Executive Rupert Newall says: ‘This was one of our top priorities as the new leadership team and the real commitment shown across the team to meet this key objective bodes well for our continuing work to address recent operational challenges.’
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Alkemy Capital Investments PLC, up 22% at 280.00 pence, 12-month change 72.50p-382.50p. Announces its wholly-owned subsidiary Tees Valley Lithium has received full planning permission to build Europe’s largest lithium hydroxide refinery at Teeside in England. The refinery will supply the electric vehicle battery industry, the mining and technology metals sector acquisition firm explains. The $300 million waste facility is now shovel-ready with production forecasted to commence in 2025, following the completion of an environmental impact assessment.
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AIM - LOSERS
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finnCap Group PLC, down 21% at 14.68 pence, 12-month range 12.50p-37.25p. On Thursday, the stockbroker ended discussions with stockbroker peer Panmure Gordon Group Ltd over its takeover proposal. The takeover proposal was received in October and consisted of a cash portion or an alternative which would see electing shareholders receive Panmure Gordon stock. At the time, Panmure had until close of play on November 15 to decide whether or not it planned to make an offer. This deadline was then extended to December 13 earlier this month. finnCap said that, following further discussions with Panmure, each board concluded that it was ‘not possible to find mutually acceptable terms or structure for such a combination.’
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Thor Mining PLC, down 11% at 0.40 pence, 12-month range 0.37p-1.00p. Trading in its shares have been halted on the Australian Securities Exchange in order to undertake a capital raising to progress the company’s exploration activities on its prioirity uranium assets in the US, and on its multi-commodity Ragged Range project in Western Australia. The mineral explorer’s trading on AIM is unaffected. The halt on ASX will remain in place until November 29, it adds.
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